The housing market in Plainfield, MI is experiencing strong growth. The median value of houses in the city is currently $158,800, a figure which is significantly lower than the median value of houses across the United States, which sits at $338,100. In fact, over the past year, house appreciation rates in Plainfield have seen an increase of 9.81%, outpacing the US national average by 1.54%. This growth indicates a healthy and vibrant real estate market and could be a great opportunity for those looking to invest in a new home or rental property.
The median home cost in Plainfield is $158,800. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Plainfield is up 14.8%.
Average Age of Homes
- The median age of Plainfield real estate is 49 years old
The Rental Market in Plainfield
- Renters make up 5.9% of the Plainfield population
- 0.7% of houses and apartments in Plainfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.